Greater Kanawha Valley Foundation
- Assets
- $329.4m
- Revenue
- $28.0m
- Investments
- $0.0
- Employees
- 15
- Location
- Charleston, WV
- Founding
- 04/1965
- Data as of
- 12/2021
- EIN
- 55-6024430
Organization Overview
Greater Kanawha Valley Foundation is located in Charleston, WV. The organization was established in 1965. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Greater Kanawha Valley Foundation employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Kanawha Valley Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Greater Kanawha Valley Foundation generated $28.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.1% each year . All expenses for the organization totaled $15.3m during the year ending 12/2021. While expenses have increased by 15.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Greater Kanawha Valley Foundation has awarded 1,347 individual grants totaling $68,245,778. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE GREATER KANAWHA VALLEY FOUNDATION MAKES THOUGHTFUL AND PROACTIVE INVESTMENTS THAT GROW THE MULTIPLE FORMS OF WEALTH NECESSARY FOR OUR COMMUNITY TO THRIVE. THESE FORMS OF WEALTH INCLUDE THE INDIVIDUAL, INTELLECTUAL, SOCIAL, POLITICAL, NATURAL,CULTURAL, BUILT AND FINANCIAL ASSETS WITHIN OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS IS A COMMUNITY TRUST ORGANIZED TO ACCEPT CONTRIBUTIONS, ESTABLISH AND ADMINISTER TRUSTS AND DISTRIBUTE INCOME FOR THE BENEFIT OF PEOPLE IN THE KANAWHA VALLEY AREA.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Foster President And CEO | Officer | 40 | $198,800 |
Kristin Mounts Chief Financial Officer | Officer | 40 | $133,131 |
Susan Shumate Chair | OfficerTrustee | 1 | $0 |
Robert O Orders Vice Chair | OfficerTrustee | 1 | $0 |
Sean Mayberry Treasurer | OfficerTrustee | 1 | $0 |
Dickinson Gould Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,362,654 |
| Noncash contributions included in lines 1a–1f | $2,338,790 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,362,654 |
| Total Program Service Revenue | $0 |
| Investment income | $3,559,325 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $19,024,814 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,972,481 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,979,789 |
| Grants and other assistance to domestic individuals. | $794,546 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $385,970 |
| Compensation of current officers, directors, key employees. | $343,681 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $660,933 |
| Pension plan accruals and contributions | $52,829 |
| Other employee benefits | $134,623 |
| Payroll taxes | $69,974 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $80,232 |
| Fees for services: Accounting | $35,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $170,831 |
| Fees for services: Other | $55,644 |
| Advertising and promotion | $0 |
| Office expenses | $30,265 |
| Information technology | $97,449 |
| Royalties | $0 |
| Occupancy | $158,129 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,359 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,431 |
| Insurance | $34,096 |
| All other expenses | $47,968 |
| Total functional expenses | $15,314,704 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,851 |
| Savings and temporary cash investments | $1,107,623 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $43,579 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $300,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $97,346 |
| Net Land, buildings, and equipment | $410,741 |
| Investments—publicly traded securities | $324,638,822 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,742,410 |
| Total assets | $329,426,372 |
| Accounts payable and accrued expenses | $7,968 |
| Grants payable | $2,036,928 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $207,883 |
| Other liabilities | $8,158,458 |
| Total liabilities | $10,411,237 |
| Net assets without donor restrictions | $316,274,323 |
| Net assets with donor restrictions | $2,740,812 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $329,426,372 |
Grants Awarded
Over the last fiscal year, Greater Kanawha Valley Foundation has awarded $11,447,467 in support to 201 organizations.
| Grant Recipient | Amount |
|---|---|
Charleston, WV PURPOSE: GENERAL SUPPORT | $686,191 |
Lewisburg, WV PURPOSE: GENERAL SUPPORT | $675,000 |
Charleston, WV PURPOSE: GENERAL SUPPORT | $513,618 |
Charleston, WV PURPOSE: GENERAL SUPPORT | $381,479 |
Charleston, WV PURPOSE: GENERAL SUPPORT | $282,500 |
Lewisburg, WV PURPOSE: GENERAL SUPPORT | $270,000 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Greater Kanawha Valley Foundation has recieved totaling $531,475.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: General Nonprofit Support | $235,000 |
Greater Kanawha Valley Foundation Charleston, WV PURPOSE: GENERAL SUPPORT | $173,975 |
Claude Worthington Benedum Foundation Pittsburgh, PA PURPOSE: TO ADVANCE A CREATIVE PLACEMAKING AND ARTIST SUPPORT PROGRAM ENHANCING THE CONDITIONS FOR ARTISTS AND BUSINESSES TO THRIVE ECONOMICALLY, CREATIVELY, AND SOCIALLY | $55,000 |
Claude Worthington Benedum Foundation Pittsburgh, PA PURPOSE: FOR THE KANAWHA VALLEY COUNCIL ON PHILANTHROPY TO COLLECTIVELY SUPPORT PROJECTS IN HEALTH AND COMMUNITY DEVELOPMENT ON CHARLESTON'S WEST SIDE | $25,000 |
Bb & T West Virginia Foundation Inc Charleston, WV PURPOSE: GENERAL OPERATING | $22,500 |
Maier Foundation Inc Charleston, WV PURPOSE: CHARLESTON CREATIVITY CONNECTIONS | $15,000 |
Endowment Analysis
| Beg. Balance | $261,805,020 |
| Earnings | $30,130,698 |
| Admin Expense | $2,079,418 |
| Net Contributions | $1,311,371 |
| Other Expense | $3,433,470 |
| Grants | $5,715,306 |
| Ending Balance | $282,018,895 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Community Foundation Of Louisville Inc Louisville, KY | $675,486,716 | $70,628,491 |
Dayton Foundation Dayton, OH | $614,105,736 | $82,530,515 |
Charlottesville Area Community Foundation Charlottesville, VA | $339,690,669 | $77,610,040 |
Baltimore Community Foundation Inc Baltimore, MD | $302,066,491 | $73,158,770 |
Hampton Roads Community Foundation Norfolk, VA | $431,066,210 | $16,919,172 |
Akron Community Foundation Akron, OH | $274,088,705 | $39,277,326 |
Dayton Foundation Depository Dayton, OH | $38,449,497 | $25,927,776 |
Toledo Community Foundation Toledo, OH | $169,770,837 | $23,444,286 |
Blue Grass Community Foundation Inc Lexington, KY | $132,271,880 | $24,051,212 |
Erie Community Foundation Erie, PA | $290,579,169 | $26,731,197 |
Lancaster County Community Foundation Lancaster, PA | $92,463,036 | $19,491,842 |
The Community Foundation Of Harrisonburg And Rockingham County Harrisonburg, VA | $68,152,988 | $23,085,179 |